Tagged: texas state securities board

October 18, 2022 @ 12:26 pm By Omar Faridi  |  

Regulators in Texas are reportedly probing cryptocurrency platform FTX and company CEO Sam Bankman-Fried. The state securities regulator is looking into whether FTX has offered unregistered securities to Texas residents, which could potentially be a violation of state law. According to reports, Texas’ securities regulator… Read More

July 11, 2020 @ 4:03 pm By JD Alois  |  

Texas State Securities Board has issued two emergency cease and desist orders against cryptocurrency investment offerings. One is for Loudmines and the other is for Swiftminex. Both entities are ostensibly based in Houston, thus the Board ironically stated there may be a problem. LoudMines is… Read More

January 14, 2020 @ 8:26 am By JD Alois  |  

The Texas State Security Board (TSSB) has published its list of “Top Investor Threats in 2020 – and How to Avoid Them.” Included on the list are crypto offerings. The TSSB is the securities regulator for the state of Texas. The regulator has been active… Read More

August 8, 2019 @ 5:53 pm By Cali Haan  |  

The Texas State Securities Board (TSSB) has issued cease and desist orders against “Forex and Bitcoin Trader,” an unregistered dealer of cryptocurrencies, derivatives and foreign currency promising 900% returns in 14 days in online advertisements targeting Dallas investors. This is the fourth emergency action undertaken… Read More

April 10, 2019 @ 2:59 pm By Cali Haan  |  

The Texas State Securities Board (TSSB) has issued an emergency cease and desist order against FxBitGlobe, a company the Board claims is “trading mostly in falsehoods” for pervading an unlikely cryptocurrency investment program that has pyramid-scheme features. According to the TSSB, FxBitGlobe, “claims to be… Read More

February 9, 2019 @ 8:52 am By Cali Haan  |  

The latest enforcement report from the Texas State Securities Board states that the regulator issued cease and desist orders against 16 unlicensed crypto ventures soliciting investors in Texas in 2018. The most noteworthy of those ventures is Bitconnect, a massive global crypto Ponzi scheme that accumulated… Read More

November 28, 2018 @ 5:29 pm By Cali Haan  |  

  The Texas State Securities Board (TSSB) has issued an emergency cease-and-desist order against an accused serial fraudster, Mark Steven Royer. Mr. Royer is allegedly selling the “My Crypto Mine” project, which bears the features of a pyramid scheme. Earlier this year, Royer and two partners… Read More

November 7, 2018 @ 2:57 pm By JD Alois  |  

The Texas State Securities Board has issued an emergency cease and desist order to two ostensible cryptocurrency miners. Yesterday, the C&Ds were placed against Quebec, Canada-based EXY Crypto, and AWS Mining PTY Ltd., based in Sydney, Australia. Texas Securities Commissioner Travis J. Iles issued a statement indicating the… Read More

February 16, 2015 @ 11:28 am By Samantha Hurst  |  

A San Antonio-based startup has become Texas’ first approved equity crowdfunding platform allowing entrepreneurs and investors to participate in the development and ownership of ventures across the state, officials announced. MassVenture allows for all Texas investors – accredited and non-accredited – to gain equity in state-based… Read More

February 13, 2015 @ 9:17 am By Samantha Hurst  |  

The new equity crowdfunding rules from the Texas State Securities Board (TSSB) allow online ecommerce sites, also known as Texas crowdfunding platforms, to market private placement memorandums (PPMs) from entrepreneurs, startups and existing businesses seeking funds to expand their operations throughout Texas. Instead of raising large sums of cash from a few… Read More